10 Ways to Pay Less on Auto Insurance in Stanley

Beginners to comparison shopping online can find shopping for low-cost Stanley auto insurance nearly impossible.

If you currently have car insurance, you should be able to cut costs considerably using these techniques. Finding cheaper coverage in Stanley can be fairly easy. Although North Dakota car owners need to have an understanding of how the larger insurance companies sell insurance online and take advantage of how the system works.

Lower rates by qualifying for these ten discounts

Insuring your fleet can be pricey, but there could be available discounts that you may not even be aware of. Some trigger automatically at the time of quoting, but some may not be applied and must be requested specifically before being credited.

  • Homeowners Pay Less – Owning a home in Stanley can help you save on auto insurance because of the fact that having a home shows financial diligence.
  • Save over 55 – If you’re over the age of 55, you may receive better auto insurance rates.
  • Multi-car Discount – Buying insurance for more than one vehicle on one policy may reduce the rate for each vehicle.
  • Good Student Discount – Performing well in school can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.
  • Anti-theft System – Cars that have factory anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Pay Now and Pay Less – If you pay your bill all at once instead of making monthly payments you may reduce your total bill.
  • Discount for Swiching Early – Select companies give a discount for switching to them prior to your current policy expiration. The savings is around 10%.
  • Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% less than less cautious drivers.
  • Seat Belts Save – Drivers who require all occupants to use a seat belt could save 15% on the medical payments or PIP coverage costs.
  • Accident Free – Claim-free drivers can earn big discounts compared to accident-prone drivers.

A little note about advertised discounts, most of the big mark downs will not be given to all coverage premiums. A few only apply to specific coverage prices like liability and collision coverage. So when the math indicates having all the discounts means you get insurance for free, companies wouldn’t make money that way. But all discounts will help reduce the amount you have to pay.

To choose providers offering auto insurance discounts in North Dakota, follow this link.

Advertising myths

Companies like 21st Century, Allstate and State Farm constantly bombard you with television and radio advertisements. All the ads have a common claim that you can save if you switch to them. But how can every company make the same claim? This is how they do it.

All the different companies can use profiling for the driver that makes them money. For example, a profitable customer might be between 25 and 40, insures multiple vehicles, and has a short commute. Any driver who meets those qualifications gets the lowest rates and most likely will pay quite a bit less when switching companies.

Consumers who fall outside the requirements will have to pay higher premiums which usually ends up with the customer not buying. Company advertisements say “customers that switch” not “everybody who quotes” save that kind of money. That is how insurance companies can state the savings.

Because of the profiling, you absolutely need to compare many company’s rates. It’s impossible to know the company that will give you the biggest savings.

Auto insurance coverage basics

Having a good grasp of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Comprehensive auto coverage – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like theft, hitting a deer and a broken windshield. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision coverages – Collision coverage will pay to fix damage to your vehicle from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things such as crashing into a building, driving through your garage door and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from older vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Liability auto insurance – This coverage provides protection from damage or injury you incur to other’s property or people by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Another option is a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims like court costs, structural damage, emergency aid, medical expenses and repair bills for other people’s vehicles. How much coverage you buy is up to you, but consider buying as high a limit as you can afford. North Dakota state law requires minimum liability limits of 25,000/50,000/25,000 but it’s recommended drivers buy better liability coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your vehicle.

Due to the fact that many North Dakota drivers carry very low liability coverage limits (25/50/25 in North Dakota), their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Frequently these limits are similar to your liability insurance amounts.

Stanley auto insurance

Medical payments and PIP coverage – Med pay and PIP coverage reimburse you for short-term medical expenses for things like X-ray expenses, doctor visits, pain medications and hospital visits. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and may carry a deductible

North Dakota insurance information

Much more information about auto insurance in North Dakota can be found on the North Dakota Insurance Department website. Click here for link. North Dakota consumers can file complaints about an insurance agent or broker, read state legal mandates and laws, view agent and company licensing information, and read industry bulletins.

The best insurance company isn’t always the cheapest

Cheaper auto insurance is possible online and with local Stanley insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some companies do not offer online price quotes and many times these small insurance companies only sell through independent insurance agents.

Consumers change insurance companies for any number of reasons including high prices, lack of trust in their agent, extreme rates for teen drivers or even denial of a claim. No matter why you want to switch, finding a great new company can be easy and end up saving you some money.

You just learned a lot of techniques to compare auto insurance prices online. It’s most important to understand that the more rate comparisons you have, the better your comparison will be. Consumers could even find that the biggest savings come from an unexpected company.